Encyclopedia Dubuque
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Affiliated with the Local History Network of the State Historical Society of Iowa, and the Iowa Museum Association.
DUBUQUE FIRE AND MARINE INSURANCE COMPANY: Difference between revisions
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[[File: | [[File:DFM2.jpg|300px|thumb|left|c.1912. Photographer unknown, “[Thirteen men working in a large Dubuque Fire and Marine Insurance Company office in the Bank & Insurance Building],” Loras College Digital Collections, accessed April 12, 2014, https://digitalcollections.loras.edu/items/show/146.]] | ||
[[File:CSDFM.jpg|300px|thumb|left|Charles Schrup sits at a roll-top desk in his office at the Dubuque Fire & Marine Insurance Company, rooms 710 to 715 in the B & I Building. William J. Klauer Collection, Center for Dubuque History, Loras College]] | [[File:CSDFM.jpg|300px|thumb|left|Charles Schrup sits at a roll-top desk in his office at the Dubuque Fire & Marine Insurance Company, rooms 710 to 715 in the B & I Building. William J. Klauer Collection, Center for Dubuque History, Loras College]] | ||
[[Image:imp152.jpg|right|thumb|250px|Letter head. Photo courtesy: Bob Reding]] | [[Image:imp152.jpg|right|thumb|250px|Letter head. Photo courtesy: Bob Reding]] | ||
Revision as of 13:28, 12 April 2014
DUBUQUE FIRE AND MARINE INSURANCE COMPANY. The Dubuque City Directory of 1857-1858 mentions the company as a mutual company in which the insured person became a stockholder
Located at the corner of Main and Fourth, the firm listed L. A. Styles, Surveyor and Frederick Ezekiel BISSELL as Secretary. On July 18, 1883, Nicholas J. SCHRUP, Sr. served as the secretary and general manager.
Other well-known Dubuque businessmen associated with the company were John J. LINEHAN who owned a half-interest in the DUBUQUE STREET RAILWAY COMPANY and Anthony F. HEEB, the secretary and treasurer of the DUBUQUE BREWING AND MALTING COMPANY.
Capitalized at $100,000, the company in 1890 had assets over $140,000. The 1890-91 Dubuque City Directory listed the company at 7th and Main.
By 1897 the firm had become one of the largest of its kind in Iowa with 50,000 policies issued and assets of $350,000.
The 1911-12 Dubuque City Directory listed 710-715 listed 710-715 Bank and Insurance Building.
The 1951 and 1955 Dubuque City Directory listed the company address as the 9th floor of the Roshek Building.
In August, 1958 the Schrup family sold the business to John D. MacArthur and Bankers Life of Chicago. At the time of the sale, the company had $135 million in assets and insured over three million policy holders. The company moved out of Dubuque in 1961 when the name was changed to Bankers Multiple Line, and the offices were moved to Chicago.
In 1967 the remaining records of the company stored in the Fischer Building were moved to Des Moines.
